Across
- 2. A drawee's signed agreement to pay a negotiable instrument (typically an LC or related draft) as presented. It acknowledges that all of the terms of the instrument, other than time, have been met and the instrument will be paid at the proper time
- 3. A financial instrument that represents a commitment to pay by the issuing bank. A sight __ is payable on demand, while a time __ is payable at some spedified point in the future.
Down
- 1. An individual or entity that is entitled to purchase securities that are except from registration. Examples include some high-net-worth individuals, bankers, broker-dealers, and corporations